From July 16 on the SPX, I can count Aug 16 as the low of Wave "A"
Count Oct 11 as an iregular "B" wave higher than July 16th
That means wave "C" has got to end lower than wave B, or dow 12,500 and spx 1374
When ?
Since we got the expected 4th wave this week instead of next week, then wave 5 of the current "C" has got to start Tomorrow after about 11am.
The low is still expected to be Dec 6th, and or 10th.
Get ready to buy the 11th, and the FEd, if a 2 day meeting will cut rates by a MINIMUM of .50bp.
On Dec 18th of 1992, the fed unexpectedly cut rates by a FULL POINT, and the market blew away.
Will Mr B do that now? just a guess, but whatever it is will be well received.
Jay
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